IntradayTrade dot Net dot IN
Alerts / Updates

for Friday, 29-May-2015


 

SUGGESTS:

 

AMTEKINDIA

 

ITC

 

UCOBANK

 

ALSO SEE:

ARVIND

JETAIRWAYS

RCOM

These 6 names were given to our members before market opened today. At about 10am, 2 of these 6 were chosen, based on their initial performance, and StopLoss and Targets were given for these 2. Throughout the day we followed the performance of these 6 stock and gave updates/alerts.

 

Given below are the Alerts & Updates
we had sent to our members today:

 


 

Alerts / Updates for Friday, 29-May-2015

SMS Pre-Market

Suggests: AMTEKINDIA ITC UCOBANK;
Also See: ARVIND JETAIRWAYS RCOM;
Valid for date: 29-May-2015; All for LONG;
See site for full Details -Intradaytrade.net.in

 

For Today:

NIFTY Resistance levels are: 8350, 8380, 8410, 8440, 8470;
NIFTY Support levels are: 8310, 8280, 8250, 8220, 8170;

 

Pre-Market Alert: 9:15am

A flat opening and cautious trading is expected from our markets today tracking
mixed cues from global markets; The Nifty had a sluggish closing yesterday on the
last day of May derivatives series due to selling pressure in financials and pharma
shares; Overnight, US stocks ended lower as mixed messages about Greece's debt
talks kept investor uncertainty high along with a sharp drop in Chinese shares after
brokers tightened margin rules; In Asia, the slide in China has extended today after
yesterday's plunge forcing Asian markets off earlier gains; However, China is slowly
coming back on track now; At home, we will get the March GDP figures today; GDP
growth is expected at 7.3% in Q4, slowing from 7.5% in the previous quarter; Year-
to-year, it is expected at 7.4% for the year 2014/15, up from 6.9% in 2013/14; For
the Nifty, we expect the positive bias seen just before closing yesterday to continue
after opening today; 8300 should be held by the Nifty; Earlier Resistances at 8460-
8480 will come into play once again; The Support at 8290-8270 that had acted very
strong yesterday, will be active today also; As always, wait for a definite chance;
Consider all angles before you buy; Take small profits & exit; Buy again if the
upsurge holds; Avoid undue risks; Stay Away, if you are not sure;
INR-US$ is at 63.7100; WTI Crude is at $57.68; Brent Crude is at $62.58

 


 

SMS-1

29May(10:00) Flat openng; Slight +ve bias;
See JETAIRWAYS>405 RCOM>66.20;
Watch ITC>323 ARVIND>239;
All for LONG if upsurge holds; Details at site -INTDAY

 

Update-1: 10:00am

A flat opening for the Nifty around 8320 today; The Nifty has shown a positive bias
immediately after opening today, continuing the bias shown at the closing yesterday;
At 8350 now, in the green; The Nifty is consolidating at this level right now, trading
in the 8345-8360 band, but is expected to resume its upward journey soon; There
is good Resistance in the 8360-8390 region; Meanwhile, you should have already
got some profits from JETAIRWAYS following PricePoints; JETAIRWAYS should
have been in at 397 and out at 404; You can Hold JETAIRWAYS>405 if still in,
with a StopLoss of 395; Otherwise, see these if market upsurge
holds now with good volumes:

Name See
Above
Stop
Loss
Target
1
Target
2
Number
to buy
JETAIRWAYS 405 395 408 410 140
RCOM 66.20 65 67 68 900

Also watch ITC>323 and ARVIND>239 if upsurge
holds now; Take position in above scrips only if you are
absolutely confident; All for LONG; Stay Away if not sure.

 


 

SMS-2

29May(11:00) Mkt has +ve bias; ARVIND gave profit;
Hold ITC>323 if in; See JETAIRWAYS>404 RCOM>66.20
now if mkt upturn holds; See Site -INTDAY

 

Update-2: 11:00am

Suggest Action - for LONG Comments
AMTEKINDIA Took a huge fall; Recovering; Watch after 182
ITC In at 323
Hold>323, SL-320
Marginal till now; Watch this..
UCOBANK Going down; Avoid, for now
ARVIND In at 239, Out at 241.50 There can be more chances here later today
JETAIRWAYS In at 397, Out at 404
See > 404
There can be more profits here today
RCOM See > 66.20 Old Levels still Valid; Keep watching..

All our Suggests, except UCOBANK, are looking good to deliver at this time; The
general market is also doing well; However, don't get carried away; Keep constant vigil;
Don't lower your guard; Look at all angles before you take a decision; Do not take
unnecessary risks; Any wrong move can lead you to losses;
Stay Away if you are in doubt.

The Nifty has developed a steady positive bias right from the beginning today; At 8400
now; Good Resistance at the 8360-8390 region is about to be crossed; The Nifty is
also about to cross over another psychological barrier at 8400; We now expect this
positive trend to take the Nifty past the next Resistance zone of 8410-8440;
Unless we get some trigger that can upset all equations; Also, profit booking
downsides can come anytime at higher levels; Avoid taking any
unnecessary risks; Stay Away if you are not sure.

 


 

SMS-3

29May(12:30) Mkt in green; Very Flat; ITC ARVIND
added profit; Hold ITC>325.50 ARVIND>243.50
if mkt turns up; Await Europe openng; See Site -INTDAY

 

Update-3: 12:30pm

Suggest Action - for LONG Comments
AMTEKINDIA Flat & Uncertain; Avoid, for now
ITC Out at 325.50
Hold>325.50, SL-321
There can be more, But be careful..
UCOBANK Flat & Uncertain; Avoid, for now
ARVIND Out at 243.50
Hold>243.50, SL-329
Going down now; So, be careful..
JETAIRWAYS No further development after last Update;
Going flat now, but old levels still valid
RCOM Just touched our trigger of 66.20
Very flat & Uncertain; Avoid, for now

It looks like our Suggests have run their course for the day, and not much is expected
from them anymore today; Be very careful if you are holding; The general market has
now flattened out; Although we have shown some interest in a few Suggests above,
there is not much expected; Keep constant vigil; Look at all angles before you take
a decision; Do not take unnecessary risks; Stay Away if you are in doubt.

The steady positive bias we saw in the Nifty from the start today is no longer there;
The Nifty has become flat and very quiet at around 8410; The psychologically important
level of 8400 is holding for the Nifty; We expect the Nifty to carry on towards 8440 from
here; There will be Support now at 8360; Remember, profit booking downsides can
come anytime at higher levels; Asian markets are still mixed with China back in
the red; Europe is also expected to open mostly red on Greece uncertainty;
The Rupee is holding at 63.7355; But even then, we expect Nifty-8440 to
be crossed; Keep constant vigil; Take all precautions when you proceed;
Stay Away if you are not certain.

 


 

SMS-4

29May(12:30) Mkt in green; Going Flat; RCOM added profit;
AMTEKINDIA>182 RCOM>67 look good for more in LONG
if mkt turns up in last hour; See Site -INTDAY

 

Update-4: 2:30pm

Suggest Action - for LONG Comments
AMTEKINDIA See > 182 Recovering; Watch this..
ITC No action after last Update; Best to Avoid
UCOBANK This has disappointed today; Avoid
ARVIND Choppy & Uncertain, Avoid
JETAIRWAYS Going down; Avoid
RCOM Out at 67
See > 67
There is chance for more, but be careful..

Except for AMTEKINDIA RCOM, we are not expecting very much from our Suggests
in the last hour; Even with those two you have to be very careful; We may sound
repetitive, but we will say this again: if you have made your profits for the day,
it is now time to stop trading and take home your profits; Do not take undue
risks in the last hour; Any wrong move can take away your profits and take
you to losses; It may be best to Stay Away now.

Some choppiness has come into the Nifty now and it has slipped below 8400; At 8390
now, in the green; Technically, the Resistance at 8410 is still active and is preventing
further upside; As before, we expect the Nifty to carry on towards 8440 from here;
Asian markets are closing mostly red; Europe is also mostly in red; But the Rupee
is holding at 63.8004; There are no domestic cues; But 8440 is still on the cards;
A closing above 8400 is a given; Unless we get some trigger that can upset all the
equations; But do not take any chances; Protect your profits and do not take any
unnecessary risks in last hour; Today, we will close green.

 


 

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